Quote:
Originally Posted by Gridlock
one) people like to lock in on cheap rates. I don't get it myself, as I don't want to buy at a high price that sustains with cheap rates because that price isn't going to go down when the rates increase
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excellent analysis - 5/5 stars. i could not have put it better myself, so thank you for saving me the hassle of responding to the lies the media here presents.
and, i think it's number 1, as you say - ppl are dumb, they don't know how a fixed income is valued and what parameters affect it's value - they see 'rates are going up, b/c RE doesn't go down, that means payments go up - oh shit, BUY BUY BUY'
the average person, and the majority, are idiots - don't be surprised by their actions.